Parr Hardware Store had net credit sales of $5,200,000 and cost of goods sold of $4,000,000 for the year.The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively.The accounts receivables turnover was
A) 7.4 times.
B) 8.7 times.
C) 6.2 times.
D) 8 times.

Question

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The Answer of Parr Hardware Store had net credit sales of $5,200,000 and cost of goods sold of $4,000,000 for the year.The Accounts Receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively.The accounts receivables turnover was
A) 7.4 times.
B) 8.7 times.
C) 6.2 times.
D) 8 times.

Parr Hardware Store Had Net Credit Sales of $5,200,000 and Cost